Nicola Mining and Lower Nicola Site Services Complete Gravel Pit Expansion and Full Completion of Cement Ready Mix Plant

Executive Summary

• Nicola Mining Inc. completed a long‑term expansion of its wholly‑owned gravel pit (Permit G1519) and finished construction of a cement ready‑mix plant.
• The company received two key permits: a Notice of Departure authorizing extraction of up to 3 Mt of rock at ~1,500 t/day for the New Craigmont Project, and an extension of the gravel pit mine life plus a right‑of‑way permit for highway works.
• These approvals enable Nicola to supply gravel and cement to major contracts, including Teck Resources’ $2.5 bn Highland Valley Copper expansion, as well as provincial transportation projects, positioning the firm for decades of operational revenue.

Key Details

• Permit G1519 Expansion: Completed construction of a cement ready‑mix plant and underground culvert to move aggregate across a provincial highway.
• Notice of Departure (NoD) – New Craigmont Project: Allows extraction of up to 3 Mt of inert rock at an estimated production rate of ≈1,500 t/day.
• Right‑of‑Way Permit (File No. 2024‑05539): Granted on September 5 2025, extending the gravel pit’s life and permitting works within a provincial highway corridor.
• Contractual Impact: LNSS secured supply contracts for gravel and cement to support Teck Resources’ Highland Valley Copper expansion and various Ministry of Transportation projects, providing a long‑term revenue stream.
• Strategic Significance: While not the core gold‑focused revenue driver, the quarry, gravel pit, and ready‑mix plant are expected to bolster overall cash flow and strengthen relationships with First Nations and local communities.
• Qualified Person: Technical disclosure reviewed by Will Whitty, P.Geo., VP Exploration (NI 43‑101).

Notable Quotes

“Though Nicola continues to solidify itself as a regional milling partner and operator of the Dominion Gold Project… we highlight an emphasis on operational revenues as the fuel of expansion. These operations are a catalyst to work closely with First Nations, local communities, and numerous infrastructure projects.” – Peter Espig, CEO & Director

All boilerplate, forward‑looking statements, and contact information have been omitted for brevity.